The Morning Update
CRHC sets its vote date for its merger with Allwyn and DNAA completes its merger with Akili in this edition of the Morning Update, the pre-market recap for SPAC Track Pro subscribers.
Previous Session Stats
Gainers & Losers
Volume Leaders
The Deals
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SPAC Updates
Merger Votes / Completions
Completions: Social Capital Suvretta I (DNAA) & Akili Interactive [$AKLI]
The merger was approved on Thursday and closed on Friday, raising $163M in the transaction (PR)
24,772,478 shares were redeemed or an estimated ~99% of the public SPAC shares, indicating there are an estimated ~230k public SPAC shares remaining. This would be the lowest amount of public SPAC shares remaining post-merger since Qualtek [$QTEK] (SF)
The stock rose 47% in regular trading hours and soared almost another 200% after-hours, settling at $42.
The combined company begins trading as AKLI today
Vote Set: Cohn Robbins [$CRHC] & Allwyn Entertainment (9/7)
Extensions
GigInternational1 [$GIW] shareholders approved the extension of its deadline on a monthly basis with a deposit of the lesser of $200,000 or $0.05 per share per month for 6 months total from Aug 21st to Feb 21st, 2023 (PR)
GIW deposited the first payment of $200,000 to extend to Sep 21st
16,676,563 shares were redeemed or 79.8% of the public SPAC shares, leaving $42.7M in trust, or 10.4M public SPAC shares remaining (SF)
IPOs
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Registrations
New S-1s
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Key Filings
SPAC S-4 Activity
S-4: JATT [$JATT] & Zura Bio
Effective: Cohn Robbins [$CRHC] & Allwyn Entertainment
*Latest S-4 filings are found in the “Deal Details” view under the column “S-4 Link”
De-SPAC/ Post-Merger S-1s
S-1/A: Kalera [$KAL]
*including PIPE resale registrations where applicable — latest post-merger S-1 filings are found in the “De-SPAC" view under the column “Post-Close S-1”
Upcoming Dates:
See the full calendar with proxy links here.
SPAC Track Pro:
Please note that a list of all the data points available on the Pro Screener with download eligibility can be found here:spactrack.io/data-catalog
Thanks for reading,
The team at SPAC Track (spactrack.io)